For properties located in rural areas, or places where gas isn’t supplied via the national grid – Oil heating is one of the better options. However, often it’s tricky to switch oil suppliers due to lock in periods and expensive exit charges. However, this is set to change.
The Office of Fair Trading (OFT) has announced that it will be attempting to monitor how the major LPG (liquid petroleum gas) suppliers treat domestic customers, and will be ensuring that terms and conditions of suppliers contracts will be made much more transparent to customers.
This means that exit charges will be made clearer, lock in terms will be fully explained and also customers will be treated much more fairly when prices suddenly increase.
News like this will be well received.
At the end of 2010 prices for LPG increased by nearly 70% within a three month period. As a result, this made property owners with oil heating out of pocket – paying more than customers connected to the national grid.
With the fluctuating pricing of oil heating, it raises the question as to whether people should be installing this kind of heating system – or opting for something more sustainable like a biomass boiler.
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